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Reality Budget

Explore cost-effective housing and transportation choices for budgeting families or singles. Compare prices and expenses for renting or buying, as well as various car and bus options. Plan ahead with savings and contributions recommendations for groceries, personal items, repairs, medical expenses, and more.

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Reality Budget

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  1. Reality Budget

  2. 3 Bedroom, 2 bath 1520 Sq. Feet $1400 month $280 utilities $185 property taxes $100 homeowners 4 Bedroom, 3 bath 3500 Sq. Feet $3251 month $300 utilities $195 property taxes $125 homeowners Housing Options (if you are buying):

  3. 2 bedroom, 2 bath 1200 Sq. Feet (house) $1200 month $280 utilities 3 Bedroom, 2 bath 1400 Sq. Feet (apt) $1300 month $285 utilities 2 Bedroom, 2 bath 1000 Sq Feet (apt) $1000 month $250 utilities Renting options :

  4. Car #1 Moonlander Elite $626 month (new) $527 month (used) $350 gas $150 car insurance Car Options • Car #3 • White Winner • $308 month • $230 gas • $125 car insurance • Car #2 • Sedan Cruiser • $530 month (new) • $225 month (used) • $250 gas • $125 car insurance • Car #4 • White Underdog • $170 • $240 gas • $125 car insurance ** Bus pass may be purchased for those who are single for $75 per month

  5. Savings 12% of Gross Income Calculate for Job #1 and Job #2 Contributions Optional Donations, collections, tithings, offerings to churches Charity donations Savings and Contributions:

  6. Food $250 couple average $110 per child average $150 for single (This is food prepared and eaten at home.) Personal Items $25 per person per month (This is for things like toliet paper, tampons, deodorant, toothpaste, etc.) Food and Personal Items :

  7. Repairs $82 per month for household repairs $68 per month for auto repairs Maintenance $53 for household $45 for auto Repairs and Maintenance

  8. Medical Expenses • Average Family Healthcare • $238 per month

  9. Clothing • $50 per month per person on average

  10. Entertainment • $100 per person per month on average

  11. Miscellaneous • $72 on average that families spend on other odds and ends for the month.

  12. MONTH 1 • Gas prices have increased $25 per car • Rent Referral – decreased $50 (only renters) • Utilities decreased $15 • $22 per person for personal items. • Groceries $110 per person • Trial Lawyer (only) office expenses $3000 • Orthopedic Surgeon (only) office expenses $2000 • Dentist (only) office expenses $1000

  13. Month 2 • Gas prices go back to normal • Rent and Car go back to normal • Insurance on car increases $25 • Pizza Gut workers get a raise to extra $1.50 an hour • Real Estate costs increase $400 • Trial Lawyer office expenses $3000 • Orthopedic Surgeon office expenses $2000 • Dentist office expenses $1000 • Groceries $115 per person • $21 per person for personal items • Medical Expenses for child $25

  14. Month 3 • Back to school – spend $35 per child for school supplies • Utilities decrease by $10 • Gas decrease by $25 • Pay $30 for T-ball for one child • Trial Lawyer office expenses $3000 • Orthopedic Surgeon office expenses $2000 • Dentist office expenses $1000 • Groceries $128 per person • $23 per person for personal items.

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